geico. fifteen minutes could save you fifteen percent or more. >>> welcome back to "squawk on the street." we're 12 seconds away from the release of october new home sales. no sector of the economy is more debated than what's going on in the housing industry and most of the recent data has been definitely bottomish if not better. here we go. 368,000. unfortunately that is a disappointment. 390,000 expected. these are of course seasonally adjusted and annualized and the 389 we had last month, which was a 2.5-year high was downgraded to only 369,000. so in the record books it's only going to look like down 1,000 but both the actual number and the revision are a bit disappointing even though the actual number in percentage terms is only down 0.3 of 1%. back to you. >> numbers like castro oil to the market right now. down 62 and now down 78. >> diana olick, what do you make of it? >> a big disappointment. we got a much bigger drop than expected. that shot the month's supply up to 4.8-month suppl